Reliance Jio Infocomm (RJIL) has signed a $1 billion equivalent term loan facility covered by Korea Trade Insurance Corporation (K-SURE) on June 22, 2018, a company statement said here on Monday.<\/p>\n
It will be used to finance goods and services procured primarily from Samsung Electronics and Ace Technologies Corp. It has “door to door tenor of 10.75 years”, the statement said.<\/p>\n
“The facility is K-SURE’s largest deal in India as well as the largest deal supported by K-SURE in the telecom sector globally,” it said, adding that: “This transaction marks the fourth K-SURE covered facility for Reliance group in last 5 years and the second K-SURE covered facility for RJIL in the last 3 years.”<\/p>\n
The facility was arranged by Australia and New Zealand Banking Group Limited and The Hongkong and Shanghai Banking Corporation Limited, the statement said.<\/p>\n
In addition, it saw participation from BNP Paribas; Commerzbank AG; Citibank N.A.; ING Bank; JPMorgan Chase Bank, N.A.; Mizuho Bank, Ltd.; MUFG Bank, Ltd. and Banco Santander, S.A.<\/p>\n","protected":false},"excerpt":{"rendered":"
Reliance Jio Infocomm (RJIL) has signed a $1 billion equivalent term loan facility covered by Korea Trade Insurance Corporation (K-SURE) on June 22, 2018, a company statement said here on Monday. It will be used to finance goods and services procured primarily from Samsung Electronics and Ace Technologies Corp. It has “door to door tenor […]<\/p>\n","protected":false},"author":3,"featured_media":802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[209,208,207,210],"class_list":["post-801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-australia-and-new-zealand-banking-group-limited","tag-korea-trade-insurance-corporation","tag-reliance-jio-infocomm","tag-the-hongkong-and-shanghai-banking-corporation-limited"],"aioseo_notices":[],"yoast_head":"\n